States Weigh the Price of Financial Incentives for Business Development

Source: Lisa Mckinney, Capitol Ideas, Vol. 60, No. 2, March 2017

Financial incentives for economic development are intended to motivate a business to locate or relocate in a specific state, expand their facilities or create more jobs. GASB 77 is reflective of a shift in state legislatures to more closely track the efficacy and return on investment of tax abatements and other financial incentives for economic development.